CE Pro August 2022 - 28

RESIMERCIAL
Commercial Market
Lull Lingers in 2022
Our 2022 Resimercial Deep Dive Study shows a decline in number
of commercial installations and flat revenues expected for
remainder of the year. Lighting, cybersecurity are seen as the
biggest opportunities. By Jason Knott
YOU WOULD BE HARD PRESSED to find any
residential custom integration company today that
does not do a modicum of commercial business. Pre-pandemic
the percentage of revenue derived from commercial
work had risen to an astonishing peak of 41.7% for the typical
resi installation firm in 2019. Of course, COVID-19 put the
kibosh on that diversity as the commercial market almost
completely shut down.
In 2020, the percentage of income from commercial projects
plunged to just 17%. In 2021, there was a slight uptick
to 20.5% of revenue as bars, restaurants and corporate offices
reopened, but who knows how long it will take to return
28 | CE Pro August 2022
to pre-COVID levels.
Meanwhile, the same pressures limiting the growth in the
residential space are just as prevalent in commercial projects.
Lack of equipment due to the supply chain, shortage of labor
and inflation are all depressors on growth. The median number
of commercial projects completed in 2021 by integrators was
10 (compared to 37 residential projects). For 2022, dealers are
predicting they will complete just 7.5 commercial installations.
According to the 2022 CE Pro Resimercial Deep Dive Study
conducted in June of this year, dealers report their commercial
business was basically flat for the past 12 months, with
an overall median decrease of 0.4%, or a drop of less than
cepro.com
COURTESY JAMIE ANDERSON/THE PREMIER GROUP
http://www.cepro.com

CE Pro August 2022

Table of Contents for the Digital Edition of CE Pro August 2022

CE Pro August 2022 - Intro
CE Pro August 2022 - Bellyband 1
CE Pro August 2022 - Bellyband 2
CE Pro August 2022 - Cover1
CE Pro August 2022 - Cover2
CE Pro August 2022 - 1
CE Pro August 2022 - 2
CE Pro August 2022 - 3
CE Pro August 2022 - 4
CE Pro August 2022 - 5
CE Pro August 2022 - 6
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CE Pro August 2022 - Cover3
CE Pro August 2022 - Cover4
https://www.nxtbook.com/emerald/cepro/october_2022
https://www.nxtbook.com/emerald/cepro/september_2022
https://www.nxtbook.com/emerald/cepro/august_2022
https://www.nxtbook.com/emerald/cepro/july_2022
https://www.nxtbook.com/emerald/cepro/june_2022
https://www.nxtbook.com/emerald/cepro/may_2022
https://www.nxtbook.com/emerald/cepro/april_2022
https://www.nxtbook.com/emerald/cepro/march_2022
https://www.nxtbook.com/emerald/cepro/february_2022
https://www.nxtbook.com/emerald/cepro/january_2022
https://www.nxtbook.com/emerald/cepro/december_2021
https://www.nxtbook.com/emerald/cepro/november_2021
https://www.nxtbook.com/emerald/cepro/october_2021
https://www.nxtbook.com/emerald/cepro/september_2021
https://www.nxtbook.com/emerald/cepro/august_2021
https://www.nxtbook.com/emerald/cepro/july_2021
https://www.nxtbook.com/emerald/cepro/june_2021
https://www.nxtbook.com/emerald/cepro/may_2021
https://www.nxtbook.com/emerald/cepro/cepro_april_2021
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